XRP Breaks above $1 for the First Time since 2018, Returns to Top 4, Targets $1.50
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According to Wietse Wind, a lead developer at the Ripple-powered XRP Ledger Labs, the XRPL based application, XUMM, is now available in beta version.

The application is expected to allow users to store cryptocurrencies and fiat currencies such as Euros, US Dollars and others, in their respective wallets.

Going by the report, the project is now in its final stages and the beta version should be available on iOS App Store & Google Play Store on 24th March 2020.

Wietse Wind shared this, “Last lines of code, last fixes, last pages for the Beta site. Yes, we’re actually going to publish the XUMM Public Beta to the iOS App Store & Google Play Store today.”

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Wietse Wind also noted that the team will soon share the “Get XUMM [Beta]” website, as the beta version of the application is released.

– (We hope Apple & Google approve our Beta release quickly, so we can share the “Get XUMM (Beta)” site!)”

Wietse Wind Warns Users about the Security of the Beta Version

The lead developer at XRPL Labs Wietse Wind further warned the users not to use the XUMM beta version with accounts that possess a huge amount of funds.

He said, “…don’t transfer high amounts of XRP/IOU’s. We’re launching a BETA. Expect dragons”

However, Wind later addressed the possible security issue after the inquiry of a supposed user.

He said, “You hold the keys, locally, encrypted, on your own device. They are never sent, your local device signs transactions. You authorize the signing with a passphrase (high-value accounts) or pin (spending accounts) + face/touch ID.”

According to Wietse Wind, the availability and usage of XUMM will be worldwide, including in the United States.

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Solomon Odunayo

By Solomon Odunayo

Solomon Odunayo is an accomplished blockchain and cryptocurrency expert at Herald Sheets, known for his in-depth analysis and engaging articles that cater to both beginners and experienced readers. With a degree in Computer Science from the University of Lagos, Solomon leverages his technical background and keen understanding of the crypto space to provide readers with valuable insights and up-to-date news. His passion for innovation and commitment to staying current with industry developments make him a trusted voice in the digital currency community.